Sunday, March 27, 2011

About Credit / Debt Management: Six Worst Credit Cards for Bad Credit 3/27/11

From LaToya Irby, your Guide to Credit / Debt Management
Most of the credit cards for people with bad credit have high annual fees, high interest rates, or both. When you're looking for a credit card to help rebuild your credit score, be careful which one you choose.
Six Worst Credit Cards for Bad Credit
Funny that three of the credit cards on this list are essentially the same card from the same issuer. They're issued under different names, but they have the same bad terms - 59.9% APR, $75 annual fee, and $300 credit limit.
How to Get a Credit Card With Bad Credit 
Now that you know which credit card you shouldn't choose, learn how you should go about choosing a credit card to rebuild your credit.
Low Security Deposit Credit Card 
If you're looking for a secured credit card, but don't want to put up a large security deposit, check out the Capital One Secured MasterCard. They've recently changed their terms and you could qualify for a security deposit as low as $49 depending on your credit history.
Using Secured Credit to Rebuild Your Credit 
A secured credit card could be the gateway to getting approved for better credit card offers. Start by picking one that reports to all three major credit bureaus.

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